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California Public Employees' Retirement System

A collection of news and information related to California Public Employees' Retirement System published by this site and its partners.

Top California Public Employees' Retirement System Articles

Displaying items 23-33
  • A dose of pension fund reality

    Huntington Beach city officials had a jarring glimpse last year of what their pension contributions would look like over the next seven years. They bit the bullet again at an April 7 study session, where they learned how much the city's contributions to...
  • Probes target Centinela Valley school district superintendent's pay

    Probes target Centinela Valley school district superintendent's pay
    County, state and federal authorities are investigating the compensation of a South Bay school district superintendent who received nearly $675,000 last year, far more than the leaders of much larger systems. The FBI and the Los Angeles County...
  • District favors retirement incentives

    The Laguna Beach Unified School District board unanimously voted Jan. 14 for a tentative contract that would allow certain teachers and administrators to retire early and still reap certain benefits. But the retirement incentive program would be offered...
  • CalPERS board member under scrutiny again for late financial reports

    SACRAMENTO — A longtime board member of the country's largest public pension fund is in trouble again with California's political watchdog. Priya Mathur, board vice president of the $288-billion California Public Employees' Retirement System,...
  • When it comes to pensions, California is no Detroit

    The Detroit bankruptcy court judge's ruling that employee pensions are "on the table" for potential reductions has spurred yet another round of acrimonious debate between those on the right who blame public-sector pensions for virtually all of government'...
  • Burbank City Council OKs contract change

    Burbank City Council OKs contract change
    The City Council on Tuesday signed off on changes to City Manager Mark Scott’s contract after discovering — contrary to what officials thought when he was hired — that he doesn’t fall under the new employee pension system, and thus...
  • Commentary: Underfunded pensions must be dealt with

    I recently read a claim that underfunded pension obligations for city employees were imaginary. Consider the following hypothetical, which is analogous to what's facing thousands of public employees in the California Public Employee Retirement System...
  • Commentary: Costa Mesa can easily attract police recruits

    Despite the fact that 118 Costa Mesa police officers receive more than $150,000 in annual total compensation, Police Chief Tom Gazsi claims "its proving to be a challenge … to find qualified, suitable candidates." Despite the fact that these...
  • Bell's Spaccia was set to make an extra $8 million, expert testifies

    Bell's Spaccia was set to make an extra $8 million, expert testifies
    A Wells Fargo & Co. pension expert testified Thursday in the Bell corruption trial that he drew up a special retirement plan for city administrators Robert Rizzo and Angela Spaccia that would have allowed them to increase their already huge pensions by at...
  • Charter Committee fine-tunes language

    As of now, Costa Mesa's proposed city charter does not have language clarifying how the City Council can personally interact with city staffers over administrative affairs. The decision to leave it out came after a 5-4 vote Wednesday night by the...
  • JPMorgan's Dimon put in a rough spot

    Jamie Dimon, arguably the nation's most powerful banker, has navigated intense scrutiny from Congress, the White House and regulators around the globe. But it's a federal prosecutor in Sacramento, far from the world's financial and political capitals,...